Question 1

Strategic management largely determines which organizations succeed and which ones struggle.

Accepted Answer

A) True 
 B)False  True

Question 2

List the four components of a SWOT analysis.

Accepted Answer

A SWOT includes -- strengths, weaknesses, opportunities, and threats.

Question 3

Reward systems, pay incentives, budgets for allocating resources, information technology systems, and organization's rules, policies, and procedures are included in ____________________.

Accepted Answer

information and control systems

Question 4

The dog, according to the BCG Matrix, is a poor performer.

Accepted Answer

A) True 
 B)False

Question 5

According to the BCG Matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

Accepted Answer

A)  Question mark 
B)  Asterisk 
C)  Dog 
D)  Star 
E)  Cash cow 
A)  Question mark 
B)  Asterisk 
C)  Dog 
D)  Star 
E)  Cash cow

Question 6

Front-line mangers have the final responsibility for strategic planning.

Accepted Answer

A) True 
 B)False

Question 7

The BCG matrix organizes along which of the following dimensions?

Accepted Answer

A)  Market share and profit 
B)  Sales and market share 
C)  Business growth rate and market share 
D)  Business growth rate and profit 
E)  Sales and profits 
A)  Market share and profit 
B)  Sales and market share 
C)  Business growth rate and market share 
D)  Business growth rate and profit 
E)  Sales and profits

Question 8

The question What business are we in? concerns ____________________ strategy.

Accepted Answer

The answer of The question What business are we in?...

Question 9

Compare and contrast the three levels of strategy in an organization.

Accepted Answer

There are three levels of strategy in an

Question 10

Briefly discuss Porter's three competitive strategies.

Accepted Answer

Porter identified three competitive stra

Question 11

With a(n) ____________________ strategy, the organization concentrates on a specific regional market or buyer group.

Accepted Answer

The answer of With a(n) ____________________ strategy, the organization concentrates...

Question 12

Effective implementation is not a necessity if the strategies are truly creative.

Accepted Answer

A) True 
 B)False

Question 13

Differentiation, cost leadership, and focus are three of Porter's competitive strategies.

Accepted Answer

A) True 
 B)False

Question 14

The question mark has a

Accepted Answer

A)  large market share in a rapidly growing industry. 
B)  large market share in a slow growth industry. 
C)  small market share in a rapidly growing industry. 
D)  small share of a slow growth market. 
E)  moderate market share in a slow growth industry. 
A)  large market share in a rapidly growing industry. 
B)  large market share in a slow growth industry. 
C)  small market share in a rapidly growing industry. 
D)  small share of a slow growth market. 
E)  moderate market share in a slow growth industry.

Question 15

To encourage employees to find ways to cut costs, and thus achieve their strategic goal of overall cost leadership, Delta Dreamforce introduced a pay-for-performance system. This is an example of which of the dimensions used for implementing strategy?

Accepted Answer

A)  Information and control systems 
B)  Human resources 
C)  Leadership 
D)  Structural design 
E)  SWOT. 
A)  Information and control systems 
B)  Human resources 
C)  Leadership 
D)  Structural design 
E)  SWOT.

Question 16

For successful execution, a strategy must be complex, with a broad plan that breaks the implementation process into a series of actions.

Accepted Answer

A) True 
 B)False

Question 17

____ refers to the modification of product design and advertising strategies to suit the specific needs of individual countries.

Accepted Answer

A)  Domestic strategy 
B)  Global strategy 
C)  Transnational strategy 
D)  Multidomestic strategy 
E)  Market design strategy 
A)  Domestic strategy 
B)  Global strategy 
C)  Transnational strategy 
D)  Multidomestic strategy 
E)  Market design strategy

Question 18

Some people argue that ____ is the most difficult and most important part of strategic management.

Accepted Answer

A)  SWOT analysis 
B)  strategic formation 
C)  strategic implementation 
D)  strategic analysis 
E)  strategy evaluation 
A)  SWOT analysis 
B)  strategic formation 
C)  strategic implementation 
D)  strategic analysis 
E)  strategy evaluation

Question 19

A firms' leadership is responsible for recruiting, selecting, training, transferring, promoting, and laying off employees.

Accepted Answer

A) True 
 B)False

Question 20

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

Accepted Answer

A) True 
 B)False

Strategic management largely determines which organizations succeed and which ones struggle.

List the four components of a SWOT analysis.

Reward systems, pay incentives, budgets for allocating resources, information technology systems, and organization's rules, policies, and procedures are included in ____________________.

The dog, according to the BCG Matrix, is a poor performer.

According to the BCG Matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

Front-line mangers have the final responsibility for strategic planning.

The BCG matrix organizes along which of the following dimensions?

The question What business are we in? concerns ____________________ strategy.

Compare and contrast the three levels of strategy in an organization.

Briefly discuss Porter's three competitive strategies.

With a(n) ____________________ strategy, the organization concentrates on a specific regional market or buyer group.

Effective implementation is not a necessity if the strategies are truly creative.

Differentiation, cost leadership, and focus are three of Porter's competitive strategies.

The question mark has a

To encourage employees to find ways to cut costs, and thus achieve their strategic goal of overall cost leadership, Delta Dreamforce introduced a pay-for-performance system. This is an example of which of the dimensions used for implementing strategy?

For successful execution, a strategy must be complex, with a broad plan that breaks the implementation process into a series of actions.

____ refers to the modification of product design and advertising strategies to suit the specific needs of individual countries.

Some people argue that ____ is the most difficult and most important part of strategic management.

A firms' leadership is responsible for recruiting, selecting, training, transferring, promoting, and laying off employees.

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

Innovative Management for Turbulent Times

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Planning and Goal Setting

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Dynamics of Behavior in Organizations

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing the Value Chain, Information Technology, and E-Business

Managing Small Business Start-Ups

Filters

Exam 7: Strategy Formulation and Implementation

Strategic management largely determines which organizations succeed and which ones struggle.

List the four components of a SWOT analysis.

Reward systems, pay incentives, budgets for allocating resources, information technology systems, and organization's rules, policies, and procedures are included in ____________________.

The dog, according to the BCG Matrix, is a poor performer.

According to the BCG Matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

Front-line mangers have the final responsibility for strategic planning.

The BCG matrix organizes along which of the following dimensions?

The question What business are we in? concerns ____________________ strategy.

Compare and contrast the three levels of strategy in an organization.

Briefly discuss Porter's three competitive strategies.

With a(n) ____________________ strategy, the organization concentrates on a specific regional market or buyer group.

Effective implementation is not a necessity if the strategies are truly creative.

Differentiation, cost leadership, and focus are three of Porter's competitive strategies.

The question mark has a

To encourage employees to find ways to cut costs, and thus achieve their strategic goal of overall cost leadership, Delta Dreamforce introduced a pay-for-performance system. This is an example of which of the dimensions used for implementing strategy?

For successful execution, a strategy must be complex, with a broad plan that breaks the implementation process into a series of actions.

____ refers to the modification of product design and advertising strategies to suit the specific needs of individual countries.

Some people argue that ____ is the most difficult and most important part of strategic management.

A firms' leadership is responsible for recruiting, selecting, training, transferring, promoting, and laying off employees.

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

Innovative Management for Turbulent Times

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Planning and Goal Setting

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Dynamics of Behavior in Organizations

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing the Value Chain, Information Technology, and E-Business

Managing Small Business Start-Ups

Filters